TZA/TNA daytrades

I’ve been working on this trading strategy for a while now, but really started to focus on it solely in the past week.  Here are some charts showing the moves and a brief explanation.

1. Have either 4 screens or set your 1 screen to 4 charts so that you can see them happening at the same time.  The dow, nasdaq, sp500 and either tna or tza.  All should be set to a 1 minute candle.  The study used is the 30 day moving average.

2. The buy point is when all four charts have a FULL candle close above or below the 30MA.  Or, for TZA, the other 3 have a candle closing below the 30MA and TZA has a candle closing above.

3. The sell point, in this case if the price movement moves opposite of what you want, is when the charts reverse and have candles in full close on the other side of the 30MA

4. However, if the price moves in your direction slowly lets say, wait until this reverse price action happens.  If the price moves quickly, consider scaling the position out in 1/2’s or 1/3’s or 1/4’s.  Because they are leveraged ETF’s they can reverse quickly on an otherwise profitable trade.

The charts below show the trades for today.  There were 4 trades in both.  Each had 3 winners and 1 loser. 

Even in sideways trading days this can work out more times than not because of the amount of criteria that have to be met.

If anyone has any ideas on how to make this better please let me know.  I’ll continue to chart them everyday and get an ongoing percentage of winners vs. losers.

It would take me a while here to notate all of the percentages for today, but visually you can get a good idea of profits and losses.  

These show a couple charts and how the trades line up for the entry.